We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Changes in Unemployment Statistics in UK over Time - Assignment Example

Comments (0) Cite this document
Changes in Unemployment Statistics in UK over Time Report March 12, 2012 s Institution’s Name Introduction To attain an eloquent grasp of social and business issues, the use of statistical techniques is requisite. For instance, in the analysis of data on unemployment rates, numerous statistical tools, each giving unique and intimate understanding of the data, are of primary importance…
Download full paperFile format: .doc, available for editing
Polish This Essay98.9% of users find it useful
Changes in Unemployment Statistics in UK over Time
Read TextPreview

Extract of sample
"Changes in Unemployment Statistics in UK over Time"

Download file to see previous pages This paper investigates the unemployment using statistical techniques. Unemployment Statistics for UK (2006-2011) 1 Unemployment Rates in Percentage (%) Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Average Rate 2006 5.2 5.3 5.3 5.4 5.5 5.6 5.6 5.6 5.6 5.6 5.5 5.6 5.48 2007 5.6 5.6 5.6 5.5 5.5 5.4 5.4 5.4 5.4 5.3 5.4 5.3 5.45 2008 5.3 5.3 5.3 5.4 5.2 5.4 5.6 5.8 6.0 6.1 6.3 6.5 5.68 2009 6.7 6.9 7.2 7.4 7.7 7.9 8.0 8.0 8.0 8.0 7.9 7.9 7.63 2010 7.9 8.1 8.1 8.1 8.0 8.0 8.0 7.9 7.9 8.1 8.1 8.0 8.02 2011 8.1 8.0 7.9 7.8 7.9 8.0 7.9 7.9 7.9 8.3 8.3 8.4 8.03 6.5 6.5 6.6 6.6 6.6 6.7 6.8 6.8 6.8 6.9 6.9 7.0 _______________________________ 1Trading Economics, “United Kingdom Unemployment Rate”. Trading Economics. 2012. < http://www.tradingeconomics.com/united-kingdom/unemployment-rate >, accessed 12, March 2012. Analysis the Unemployment Data Scatterplots Histograms Pie charts Cumulative frequency curves Measures of Averages Yearly Averages Measure Value Description Mean 6.72% The average of the rates of unemployment over the six year period Mode 8.03% The highest value on the histogram Median 6.66% The middle value, calculated by averaging the third and fourth value Monthly Averages Measure Value Description Mean 6.72% The average of the rates of unemployment over the six year period Mode 6.95% The highest value on the histogram Median 6.75% Middle value, calculated by averaging the sixth and seventh month What the data shows The social and economic impact of unemployment is insidious 2. Unemployment is usually attributable to the inability by able and willing persons to find sources of income regardless of active search for work. The unemployment data trend according to the histogram and the scatterplot indicate that the rate of unemployment has been rising over the six-year period ranging from 2006-2011. The greatest upsurge in the percentage unemployment rate was for the 2008 to 2009, where the rate rose from 5.68% to 7.63%, a 34.3% increase in unemployment rate 3. The unusual rise is attributable to the 2008 economic meltdown, which forced many companies into liquidation and loss-making streaks for many corporations 4. The unfavorable economic conditions not only curbed growth in employment opportunities but also made corporate leaders lay off many workers to alleviate cost overruns. For the entire period the data concerns, particular salient features reveal themselves as to the general trend in the data. For instance, the earliest period, January 2006 has the lowest unemployment rate at 5.2% while the latest period, December 2011 has the highest unemployment rate at 8.4% 5. Unemployment rate in the UK is, therefore, on an increasing trend. ______________________________ 2 Bell, David and Blanchflower, David. What Should be Done about Rising Unemployment in the UK? Dartmouth College. 2009. p.2 3 Trading Economics, “United Kingdom Unemployment Rate”. Trading Economics. 2012. < http://www.tradingeconomics.com/united-kingdom/unemployment-rate >, accessed 12, March 2012. 4 ibid 5 ibid As the table and the graphs indicate, the unemployment rate, on average, increases on a yearly base. Despite the increase due to the 2008 economic crisis, the rate is yet to fall, although it remains considerably steady ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Changes in Unemployment Statistics in UK over Time Assignment”, n.d.)
Changes in Unemployment Statistics in UK over Time Assignment. Retrieved from https://studentshare.org/statistics/1444756-statistical-research-project-investigate-a-social
(Changes in Unemployment Statistics in UK over Time Assignment)
Changes in Unemployment Statistics in UK over Time Assignment. https://studentshare.org/statistics/1444756-statistical-research-project-investigate-a-social.
“Changes in Unemployment Statistics in UK over Time Assignment”, n.d. https://studentshare.org/statistics/1444756-statistical-research-project-investigate-a-social.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
The Influencing Factors To The Current UK Housing Market
There seems to be a general consensus among economists that house prices is one but an important variable in determining the direction that the national growth takes within a given economy at a given point in time. Like other goods and services in the market, the housing market is susceptible to the effects of demand and supply side factors, which may be quantitative and qualitative in nature.
10 Pages(2500 words)Assignment
UK Economic Indicators
Stock market traders are actually using fundamental analysis for the trade; keeping track of the values of key macroeconomic indicators. It is quite easy, as they are published in the strict time limit and they are actively discussing the situation at market.
16 Pages(4000 words)Assignment
Progress of Spirit over Time
Art scene. Although blogs are interestingly helpful to get a hint of how everything is going, viewing the exhibits personally is a totally different experience! However, I do know for a fact that it is easy to get lost to a number of information about these exhibits.
9 Pages(2250 words)Assignment
Macroeconomic Objectives of the UK Govenment Economic Policy
It is common knowledge, that macroeconomics is related to the big issues of the economy. It is the study of aggregate supply and aggregate demand. In order to achieve macroeconomic objectives, the government formulates certain policies. The policies designed by the UK government are primarily put into place to improve the working of the economy.
7 Pages(1750 words)Assignment
New Laws have Changed Criminal Investigators Over Time
The laws that govern criminal investigation, especially those to do with the collection and protection of evidence at scenes of crime have also been revamped in many ways to operate in the new environment and in order to utilize these new technologies, procedures and processes.
4 Pages(1000 words)Assignment
It can be understood from the analysis varied factors can have an influence regarding the products’ selling price. In addition, the exchange rate because of having sizable rate of variance, can also impact the selling price of the super cars in the different countries.
9 Pages(2250 words)Assignment
Select a Public Service or Service Industry. Produce a report on changes in that sector over a period of time'
Historical Perspectives 6 References 10 I. Introduction This paper examines the state of public education in England and the way the education sector in England has evolved over time. This takes England's education system as the public sector of focus for a historical research undertaking in general.
6 Pages(1500 words)Assignment
Unemployment in UK auses and effects on economy
In this regard the paper presents an overview of the unemployment situation in the country and discusses the causes and effects of unemployment on the economic development of the country. Furthermore, the paper also describes some possible ways that can help the country in reducing the unemployment rate.
6 Pages(1500 words)Assignment
nable that rising unemployment is one of the most pressing issues in the industrial world, as unemployment has become a leading world problem after the economic slowdown affected almost the entire world. However, the unemployment situation in some countries has already reached
10 Pages(2500 words)Assignment
Developments And Changes Music Over Time
Music publishers also promote songwriters and composers locally and internationally to record companies and broadcasters for commercial purposes. Finally they protect the works of their clients by taking action on those who use their music without license.
10 Pages(2500 words)Essay
Let us find you another Assignment on topic Changes in Unemployment Statistics in UK over Time for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us